Crypto.IQ Daily Radio Show May 20: Bitcoin (BTC) Recovers From Thursday Flash Crash, BitMEX Now Has $200 Million In Their Insurance Fund, Kik And Kraken Battling Securities Regulators

On this edition of the Crypto.IQ Daily Radio Show we do a deep dive market analysis. Bitcoin (BTC) and the rest of the crypto market has recovered from the flash crash on Thursday. Bitcoin (BTC) reached as high as $8,300 yesterday but has pulled back a bit to $7,800 currently. We discuss how Kik is in a battle with the SEC that has already cost them $5 million in legal fees. Kik is trying to argue that their cryptocurrency is a currency and not a security following their $100 million ICO. Additionally, Kraken is battling securities regulators in Canada who are trying to declare that the entire exchange is subject to securities laws. Hear about how BitMEX has a $200 million insurance fund, and how this is 0.15% of all the Bitcoin (BTC) in circulation. Bitfinex’s LEO token is going live for trading today following a $1 billion IEO, and it may actually appear soon in the top 20 on CoinMarketCap.